AUSTRALIA: ‘Gas World Australia 2008’ to be held in Perth from November 25 to 27

(EnergyAsia, October 31, Friday) — ‘Gas World Australia 2008’ will be held at the Sheraton Perth Hotel in Australia from November 25 to 27. The event will focus on issues facing gas markets in Australia including investment, export opportunities, current operations, and growth opportunities.  Speakers will focus on the global and domestic outlook for gas, (more…)

SINGAPORE: ‘Negotiating Successful Gas & LNG Contracts’ to be held from November 11 to 14

(EnergyAsia, October 31, Friday) — ‘Negotiating Successful Gas & LNG Contracts’ will be held in Singapore from November 11 to 14. The gas and LNG markets are being deregulated around the world and growing rapidly, offering business opportunities for all stakeholders including government entities, producers, sellers, transporters and buyers. However, the high contract value, complicated (more…)

ASIA: China and India vie with US for oil

(EnergyAsia, October 31, Friday) — Oil has become the focus of increasing tensions in global power politics, with China and India revving up the competition for resources against the US. Much of the US global predominance is based on its access to inexpensive energy sources around the world, particularly oil. However, as China and India...

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MIDDLE EAST: IMF predicts high growth for region and Central Asia

(EnergyAsia, October 31, Friday) — The economies of the Middle East and Central Asia have continued to experience strong growth in 2008, outpacing global growth for the ninth year in a row, the International Monetary Fund (IMF) said in its latest regional economic outlook. Growth is underpinned by high commodity prices, strong domestic demand, and...

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MARKETS: “Alarming” drop in air traffic for September

(EnergyAsia, October 31, Friday) — International air traffic plunged sharply in September as the industry watchdog admitted losses will likely exceed its earlier forecast for a record $5.2 billion in red ink this year. The International Air Transport Association (IATA) said passenger traffic declined 2.9% while cargo traffic dropped 7.7% compared to the same month...

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SOUTH KOREA: LG Electronics to invest in solar cell production line

(EnergyAsia, October 31, Friday) — South Korea’s LG Electronics said its board of directors has decided to convert the company’s A1 plasma panel-manufacturing line in Gumi city into solar cell production lines. LG plans to invest 220 billion won to establish two production lines by 2010. (US$1=1,400 won). The company expects the first line to...

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INDIA: ADB to help Himachal Pradesh state become ‘hydropower state‘ via multi-tranche loan

(EnergyAsia, October 31, Friday) — The Asian Development Bank (ADB) said it is helping Himachal Pradesh state become India’s “hydropower state” through an $800 million multi-tranche financing facility. The eight-year loan package will help finance the construction of several run-of-river hydropower generating plants that will bring in combined capacity of 808 megawatts (MW) for the...

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CHINA: CNPC starts construction of oil refineries in Chad and Niger

(EnergyAsia, October 31, Friday) — China National Petroleum Corp (CNPC) has started construction work on two small oil refineries in the landlocked African states of Chad and neighbouring Niger. The refineries will be the first for the two impoverished countries which have benefited from the resource boom and rising Chinese investment in recent years. Niger’s...

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AUSTRALIA: Origin Energy says state agency has approved LNG joint venture with ConocoPhillips

(EnergyAsia, October 31, Friday) — Australian upstream company Origin Energy Limited said US energy firm, ConocoPhillips, has received approval from the Foreign Investment Review Board (FIRB) to acquire a 50% share of a coal-seam gas (CSG)-to-LNG joint venture with Origin. The transaction is now unconditional. ConocoPhillips will now have to make an up-front payment of...

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AUSTRALIA: AGL says stake in QGC valued at A$1.18 billion

(EnergyAsia, October 31, Friday) — Following news of BG’s plans to acquire Australia’s Queensland Gas Company Limited (QGC), AGL Energy Limited (AGL) said it will sell all its shares in QGC to BG unless a superior competing offer emerges. BG’s announcement was made by subsidiary BG International (Australia) Investments Pty Limited. AGL will receive A$5.75...

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CHINA: Foster Wheeler awarded coal-to-liquids feasibility study

engineering giant Foster Wheeler Ltd and China’s Wuhuan Engineering Company, has been awarded contracts to undertake a feasibility study for an 80,000-b/d coal-to-liquids (CTL) plant in the Ningxia Hui Autonomous Region in the coal-rich western part of China. Foster Wheeler Energy Limited and Foster Wheeler International Engineering & Consulting (Shanghai) Co Ltd will work with...

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CHINA: Sudan kidnap group wants Chinese oil companies out

investment in the African state has claimed responsibility for killing five Chinese workers out of nine kidnapped last week. Sudan’s Foreign Ministry has blamed the Justice and Equality Movement, a Darfur rebel group, for the attacks. Two of the hostages have escaped while the remaining two are still with their kidnappers who are growing increasingly...

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JAPAN: Singapore court charge Mitsui Oil Asia employees in naphtha futures trading case

subsidiary, Mitsui Oil Asia Singapore (MOAS), have been charged with “deceptively concealing” losses pertaining to the physical and futures trading losses of naphtha contracts in Singapore in late 2006. Noriyuki Yamazaki, MOAS’s former head of naphtha trading, his immediate boss, Wada Takayoshi, and the company’s executive vice-president Masatsugu Takahashi were charged in Singapore for their...

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ASIA: Canada may curb oil sands exports on environmental concerns

country may restrict exports of Alberta’s oil sands and bitumen to countries with low greenhouse gas emissions standards. Officials in Alberta, home to the bulk of Canada’s oil sands production, were caught by surprise and are expected to resist any attempts by the central government to curb the province’s oil exports to energy-hungry Asia. Canadian...

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SINGAPORE: Centre for solar PV testing and certification is first in Southeast Asia

Southeast Asia opened in Singapore early this month.   The VDE-Fraunhofer ISE Pte Ltd, a joint venture between VDE Institute and the Fraunhofer Institute for Solar Energy Systems (ISE), aims to provide highly sophisticated testing and certification services in the performance and safety of solar photovoltaic modules from the second half of 2009. Its presence...

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MALAYSIA: Aker Solutions signs subsea supply agreement with Shell

(EnergyAsia, October 30, Thursday) — Aker Solutions, the international oil and gas engineering services company, said it has been awarded a five-year supply agreement by Malaysia’s Sarawak Shell Berhad (SSB) to supply subsea production systems equipment and services. SSB has several existing platforms off the coast of Sarawak state as PSC operator to Malaysian state (more…)

SINGAPORE: Advanced oil trading course by Oxford Princeton to be held on November 17 to 19

(EnergyAsia, October 30, Thursday) — Oxford Princeton’s ‘International Oil Trading – Advanced Techniques and Strategic Price Risk Management’ will be held in Singapore from November 17 to 19. The course will cover the advanced trading techniques applicable to the management of price risk in international oil trading. It is recommended that delegates complete the basic (more…)

SINGAPORE: Oxford Princeton to hold international oil trading course from November 12 to 15

(EnergyAsia, October 30, Thursday) — The Oxford Princeton Programme will be holding the ‘Principles of International Oil Trading’ course in Singapore from November 12 to 15. Conducted by Robin Burley, a principal consultant with Kennet Oil Logistics, the course will cover the basic principles of international oil trading, supply, transportation and refining. Through a case (more…)

SINGAPORE: Organiser said OSEA2008 is 80% bigger than the previous show

(EnergyAsia, October 29, Wednesday) — The organiser of OSEA2008, to be held at the Suntec International Convention Centre in Singapore from December 2 to 5, said the exhibition is 80% bigger than the previous show.  OSEA, Asia’s largest oil and gas exploration and production industry exhibition and conference, is expected to attract 1,400 leading exhibiting (more…)

SINGAPORE: International Energy Week to feature ‘Singapore Energy Conference’ on November 4 to 5

(EnergyAsia, October 29, Wednesday) — The ‘Singapore Energy Conference’ will be held during the International Energy Week at the Raffles City Convention Centre in Singapore on November 4 to 5. The flagship event of the International Energy Week (November 3 to 7) will gather policymakers as well as experts from research institutes and industry players (more…)

INDIA: ‘Renewable Energy Finance Forum’ to be held in Mumbai from November 20 to 21

(EnergyAsia, October 29, Wednesday) — The third edition of ‘Renewable Energy Finance Forum’ will be held at the Renaissance Mumbai Hotel and Convention Centre in India on November 20 to 21. India’s fast growing economy has led to rising energy demand and opportunities for renewable energy. The conference aims to provide a forum for government, (more…)

SINGAPORE: Temasek Holdings initiates sale of PowerSeraya

(EnergyAsia, October 29, Wednesday) — Singapore’s Temasek Holdings Pte Ltd said it has begun the divestment process for its third and final wholly-owned Singapore power generation company, PowerSeraya Ltd. This follows last month’s sale of Senoko Power Ltd to a consortium known as Lion Power Holdings Pte Ltd and the sale of Tuas Power Ltd...

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INDIA: Bharat Petroleum to invest US$480 million in biodiesel projects

(EnergyAsia, October 29, Wednesday) — Donwstream oil company Bharat Petroleum Corp Ltd (BPCL) has laid out plans to invest US$480 million by 2012 to produce biodiesel. BPCL said it will cultivate the jatropha crop on one million hectares of wasteland in Uttar Pradesh state for use as feedstock for biodiesel. The project will be undertaken...

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